infographic: healthcare and data governance
DESCRIPTION
A new, 2014 Info-graphic from Informatica discussing the potential of thorough data governance in the healthcare industryTRANSCRIPT
Key trends driving healthcare transformation
Value-based caredelivery
Convergence Consumerism Preventive care PersonalizedMedicine
40%of healthcare executives gave their organizations a grade of D or F on their preparedness to manage the data deluge. None felt their organization deserved an A.1
Major economic, social, demographic, technological, and regulatory changes are profoundly reshaping the healthcare ecosystem while greatly elevating the importance of optimized data management.
It’s no secret—healthcare is transforming. The transition to value-based care is well underway; everyone from healthcare delivery organizations to clinicians, payers, and patients feels the impact and has a role to play. Moving to a value-driven model demands agility from people, processes, and technology. Organizations that succeed in this transformation will be those where collaboration is commonplace, clinicians and business leaders wear new hats, and data is recognized as an enterprise asset.
Transforming healthcare by putting information to work
Analytics as a core competency
Deliverbest practicecare
Strong,actionablerelationships
Engagement and collaboration
Data-drivencare
Networkedhealthcare
Access & use data as an asset
Transformed healthcare organization
Knowledge of all partcipants and actors
Takeaction on what you know
Transformed healthcare organizations and ecosystems can make more sound decisions based on data, not hunches, across a wide ecosystem.
The benefits of knowing and connecting vs. suspecting
of healthcare executives say their organizations are implementing information systems that will support the delivery of care beyond the walls of their facility.4
63%
1 "Poor Data Management Costs Healthcare Providers," Information Week, July 20122 "Challenges with Meaningful Use: EHR Satisfaction & Usability Diminishing," American College of Physicians and American EHR Partners, 20133 Ponemon Institute4 "Poor Data Management Costs Healthcare Providers," Information Week, July 2012
Technology barriers 2
of healthcare organizations say they aren’t capturing enough of the right information
say they’re using electronic health records extensively
Benefits of a data infrastructure
Improve quality of care coordination and services
Power accountability and personalized medicine across the ecosystem
Reveal opportunities to increase targeted outreach and marketing efforts
Create a competitive advantage for increased market share and reduce referral leakage
”Competing on Analytics: The New Science of Winning,” by Thomas H. Davenport and Jeanne G. Harris
”The [big] issue will be how organizations control their data and analysis, and ensure that individual users make decisions on correct analysis and assumptions.”
Data
Applications
Infrastructure
Investment
Value
The data dividendInvest in data to derive the value that‘s available.
The cost of bad data 3
15% - 20% 94% 45% $5.5Mof lost revenue for an individual business
of hospitals have suffered data breaches
of hospitals have suffered 5 or more data breaches
average cost of data breach, per organization